Slide 1: 12M 2024 Consolidated Results
12M 2024 CONSOLIDATED RESULTS Gruppo Ascopiave 12M 2024 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 6th March 2025 Gruppo 1
Slide 2: Contents
Contents 12M 2024 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag
Slide 3: Financial highlights
Contents 12M 2024 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 31st December 2024 → 12M 2024 consolidated income statement → Consolidated balance sheet as of 31st December 2024 Companies consolidated with full consolidation method Estenergy Dividend Disclaimer Financia
Slide 4: Ascopiave Group structure as of 31st December 2024
Ascopiave Group structure as of 31st December 2024 12M 2024 CONSOLIDATED RESULTS 100% 25% 100% 51% 90.20% 49% 100% 3% 90% 5% 100% 11.35% 18.33% Corporate services to subsidiaries and associates Gas distribution Water management services Renewable energy production Gas and electricity sales ICT servi
Slide 5: 12M 2024 consolidated income statement
12M 2024 consolidated income statement 12M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 12M 2024 12M 2023 Chg Chg % Revenues 204,958 180,794 24,164 +13% (Purchase costs for materials) (2,939) (2,265) (674) +30% (Costs for services) (53,228) (50,474) (2,754) +5% (Costs for personnel) (18,185) (20,914
Slide 6: Consolidated balance sheet as of 31st December 2024
Consolidated balance sheet as of 31st December 2024 12M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 31/12/2024 31/12/2023 Chg Chg % Tangible assets (*) 161,897 156,475 5,423 +3% Non tangible assets (*) 787,419 766,353 21,066 +3% Investments in associates (**) 105,472 308,331 (202,859) -66% Other fi
Slide 7: Companies consolidated with full consolidation method
Contents 12M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method → Operating data → Revenues bridge → EBIT bridge → Gas distribution tariff revenues and revenues from RES → Other net operating costs → Personnel → Capex → Net financial position and cas
Slide 8: Operating data – gas distribution
Operating data – gas distribution 12M 2024 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -2,966 +24.0 -0% +2% 871,410 874,376 1,456.0 1,432.0 31/12/2024 31/12/2023 12M 2024 12M 2023 Companies consolidated with full consolidation m
Slide 9: Operating data – renewable energies
Operating data – renewable energies 12M 2024 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +66.8 +44% 217.6 150.8 12M 2024 12M 2023 Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 12M 2024 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +24,164 +13% 8,728 2,089 15,366 2,018 204,958 180,794 12M 2023 Gas distribution Revenues Revenues from Other revenues 12M 2024 tariff revenues from RES energy (*) efficiency certificates (*) Tariff revenues include the
Slide 11: EBIT bridge
EBIT bridge 12M 2024 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) +5,652 +12% 8,728 15,369 3,245 15,199 51,642 45,990 12M 2023 Gas distribution Revenues Depreciations Other net 12M 2024 tariff revenues from RES and operating costs amortizations (*) (*) Further details on page 13 of the curren
Slide 12: Gas distribution tariff revenues and revenues from RES
Gas distribution tariff revenues and revenues from RES 12M 2024 CONSOLIDATED RESULTS Gas distribution tariff revenues (Thousand of Euro) (*) 12M 2024 12M 2023 Chg Chg % Gas distribution tariff revenues 139,453 124,084 15,369 +12% Gas distribution tariff revenues 139,453 124,084 15,369 +12% Increase
Slide 13: Other net operating costs
Other net operating costs 12M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 12M 2024 12M 2023 Chg Chg % Other revenues 35,786 35,716 70 +0% Other costs of raw materials and services (81,734) (63,735) (17,999) +28% Cost of personnel (18,185) (20,914) 2,730 -13% Other net operating costs (64,132) (48,9
Slide 14: Personnel (1)
Personnel (1) 12M 2024 CONSOLIDATED RESULTS Number of employees -8 -2% 495 503 31/12/2024 31/12/2023 Companies consolidated with full consolidation method 14
Slide 15: Personnel (2)
Personnel (2) 12M 2024 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) -2,730 -13% 2,715 15 Cost of personnel changes: ▪ capitalized cost of personnel: 20,914 18,185 - Euro 2.7 mln ▪ other: - Euro 0.0 mln 12M 2023 Capitalized cost of Other changes 12M 2024 personnel Companies consolidated
Slide 16: Capex
Capex 12M 2024 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) -6,508 -7% ▪ Gas distribution systems: Euro 47.9 mln ▪ Gas meters: Euro 13.8 mln ▪ Investments in renewable 81,069 87,577 energies: Euro 15.9 mln ▪ Investments in hardware and software: Euro 1.5 mln ▪ Other: Euro 1.9 mln 12M 2024 12M 2
Slide 17: Net financial position and cash flow (1)
Net financial position and cash flow (1) 12M 2024 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) 81,069 30,986 20,017 13,471 80,329 389,363 387,602 -1,761 -0% 31/12/2023 Cash flow Capex Change in NWC Dividends received Change in 31/12/2024 (*) (**) shareholders' equity
Slide 18: Net financial position and cash flow (2)
Net financial position and cash flow (2) 12M 2024 CONSOLIDATED RESULTS (Thousand of Euro) (*) 31/12/2024 31/12/2023 Chg Chg % Long term financial borrowings 229,824 204,064 25,760 +13% Current position of long term financial borrowings 56,688 80,642 (23,954) -30% Long term bond loans 78,805 86,347 (
Slide 19: Estenergy
Contents 12M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Dividend Disclaimer Estenergy 19
Slide 20: Estenergy Financial highlights
Financial highlights 12M 2024 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 9M 2024 12M 2023 (Thousand of Euro) 30/09/2024 31/12/2023 Tangible assets 5,259 5,522 Revenues 840,109 1,123,300 Non tangible assets 617,040 627,170 Investments in associates 17,694 17,704 (P
Slide 21: Dividend
Contents 12M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Dividend → Dividend proposal Disclaimer Disclaimer 21
Slide 22: Dividend proposal
Dividend proposal 12M 2024 CONSOLIDATED RESULTS 0.15 Euro per share DIVIDEND PROPOSED (Euro 32.5 mln) Detachment Record Payment date date date 5th May 2025 6th May 2025 7th May 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 (Proposal) Dividends paid (Thousand of Euro) (*) 32,466 30,339 28,172 35,
Slide 23: Disclaimer
Contents 12M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Dividend Disclaimer Disclaimer 23
Slide 24: Disclaimer
Disclaimer 12M 2024 CONSOLIDATED RESULTS ❑ This presentation has been prepared by Ascopiave S.p.A. for information purposes only and for use in presentations of the Group’s results and strategies. ❑ For further details on the Ascopiave Group, reference should be made to publicly available informatio